Tucows (TCX) director reports charitable gift of 20,250 shares

Rhea-AI Filing Summary

Tucows Inc. director Elliot Noss reported a charitable gift of company stock. On 12/24/2025, a transaction coded "G" shows a transfer of 20,250 shares of Common Stock at a price of $0 per share, described as a bona fide gift to a charitable organization. After this transaction, Noss directly held 423,048 Common shares.

The filing also lists indirect holdings of Tucows Common Stock, including 114,670 shares in an account labeled "Per EN RRSP", 1,639 shares in "Per EN TFSA", and 6,000 shares in "Per EN US Retirement Savings Account". An additional 2,470 shares are held "By spouse", with a statement that Noss disclaims beneficial ownership of these securities.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NOSS ELLIOT

(Last) (First) (Middle)

96 MOWAT AVENUE

(Street)

TORONTO A6 M6K 3M1

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TUCOWS INC /PA/ [ TCX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/24/2025		G		20,250(2)	D	$0	423,048	D
Common Stock								114,670	I	Per EN RRSP
Common Stock								1,639	I	Per EN TFSA
Common Stock								6,000	I	Per EN US Retirement Savings Account
Common Stock								2,470(1)	I	By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

2. The transaction reflects a bona fide gift to a charitable organization.

	/s/ Katherine Young, attorney-in-fact for Mr. Noss	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Tucows (TCX) disclose for Elliot Noss?

The filing shows that director Elliot Noss reported a transaction coded "G" on 12/24/2025, representing a bona fide gift of 20,250 shares of Tucows Common Stock to a charitable organization at $0 per share.

How many Tucows shares did Elliot Noss hold directly after the reported gift?

Following the 20,250-share gift reported on 12/24/2025, Elliot Noss directly held 423,048 shares of Tucows Common Stock.

What indirect Tucows share holdings are associated with Elliot Noss in this Form 4?

The Form 4 lists indirect holdings of Tucows Common Stock as 114,670 shares "Per EN RRSP", 1,639 shares "Per EN TFSA", and 6,000 shares "Per EN US Retirement Savings Account", plus 2,470 shares held "By spouse."

Does Elliot Noss claim beneficial ownership of shares held by his spouse?

No. The filing states that the reporting person disclaims beneficial ownership of these securities, and that this report shall not be deemed an admission of beneficial ownership for any purpose, which applies to shares noted as held "By spouse."

What does transaction code "G" mean in this Tucows insider filing?

In this filing, transaction code "G" is tied to a note that the transaction reflects a bona fide gift to a charitable organization, indicating the shares were given away rather than sold.

Is Elliot Noss identified as an officer or director of Tucows in this Form 4?

The Form 4 identifies Elliot Noss as a director of Tucows Inc., with no officer title and not as a 10% owner in this report.